[2017-08-24] Japan’s FSA: 50 Bitcoin Exchange Registration Applications Received

[Chase]

Japan’s FSA: 50 Bitcoin Exchange Registration Applications Received

An announcement from Japan’s Financial Services Agency (FSA) has revealed that at least 50 Bitcoin exchanges have filed registration applications with the agency. Those exchanges are currently being examined by the FSA to ensure that they have taken the right steps to ensure that their customers are properly protected, as required by recent amendments to the nation’s fund settlement law.

https://dcebrief.com/japans-fsa-50-bitcoin-exchange-registration-applications-received/

[iram1011]

I am glad that Government is actively participating not only in Bitcoin but in ensuring safety of the users. This will safeguard the exchange users from any sort of exchange scam and exchanges flying away with their money. With government having a check on such exchanges, it would be easy for the users to report crime in such circumstances. Thus ensuring the people's trust in Bitcoin which is the one of the most important thing that restrain Bitcoin growth and popularity.

[CryptoBry]

Wow...50 exchanges applying for permit! That is a huge development in the Bitcoin community of Japan. There is really a big demand in Japan for Bitcoin and other coins that is why there are so many who are interested to do business with cryptocurrency. This is really helping Bitcoin rise in value. I always love hearing news about Bitcoin in Japan because they are usually good news.